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Nov 2, 2012 3:00pm EDT
days has suggested the economy has more momentum going into november than we thought before. however, when we see the pictures of sandy go from essentially heartbreaking disaster to now sort of more nerve-racking social unrest, when we hear some of the stories out there, i don't think those are the kind of pictures that cause people to take long positions in stocks. i think it's a wait-and-see position. wait and see how much sandy has an effect on the economy before you can take a positive position represented by the numbers here. >> all right. so there's a lot of noise in all of this. you've got sandy. you've got the election uncertainty. you've got uncertainty about the broad economy. i can't imagine, ron that, this 100-point selloff in the dow industrials is because people want more economic stimulus and more qe. disappointment over maybe the jobs numbers show the economy is not in need enough of more qe. we've had so much stimulus out there. >> yeah, i think anybody who's been trained on what the fed has to say knows that one month, particularly 170,000 jobs, is not going to chan
Oct 30, 2012 3:00pm EDT
days. but tomorrow will mark a big step toward normalcy for america an its economy as the stock market gets set to open once again. the big question now is, what happens when that opening bell rings tomorrow morning after such a long hiatus and such a disastrous storm? >> really unprecedented. we have team coverage today. scott cohn with the latest on the flooding near wall street. courtney reagan is monitoring the power outages. jackie deangelis is in a new jersey town. we kick it off with bob. you spoke a short time ago with the ceo of the nyc. can it really be business as usual tomorrow? what are you expecting? >> that's what they're hoping for, maria. they said the magic words. trading will resume at the nyse and other exchanges. duncan told me a short while ago it was all subpoeystems go. >> we've had people on site throughout the evening, and we g got the report early this morning that there was no issue with the building. it had not been compromised. so once we heard that, we have been operatie ining under the assumption we would be under normal business trading tomorrow. >> mea
Nov 1, 2012 3:00pm EDT
the uncertain effects of hurricane sandy are going to be. to have the economy stabilized on a slight upswing from what weren't great numbers. the consumer hanging in there with the biggest problem being business spending. i think ultimately what we're going to see tomorrow are numbers that are in line, 125 to 150. i don't get too hung up in 10,000 here, 10,000 there. show me 250 and i'll be really excited. show me that 70 or 50,000, and i'll start getting concerned. >> rick, is that priced into the market? what kind of reaction will we get? >> i think it is priced in. i'm not sure we get a big market move on that. i congratulate the bureau of labor statistics. i'm sure there was pressure potentially to delay the number. many are glad they didn't. i think over the last couple days steve and i have raised issues that this is going to be an important number for a number of reasons, not to the least of which it is going to establish a baseline. a lot of uncertainty in the future. if this number is better or worse than expected, it's a baseline. it's going to put a lot of questions in. this numbe
Oct 29, 2012 3:00pm EDT
sluggish economy? we'll turn the attention there next. >>> this is going to be a thorny issue. financial trade group sifma says if the new york stock exchange is closed again tomorrow, then all dollar denominated securities should be closed around the world. >>> new york governor andrew cuomo will have a press conference and we'll talk to him live one-on-one after the press conference. he'll tell us what he's seeing and advise new yorkers of the next steps. rt comes with 8 airb, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer
Oct 31, 2012 3:00pm EDT
out. what is next for you and the corporation and the broader economy, do you think in. >> i think it could have been worse market wise based on how much bad corporate news we had to absorb from the big companies. i feel like we have to see the domestic numbers coming in on the consumer and housing side have to continue to reassure the market that we're in a firmer place right now in terms of domestic and economic growth. at the same time everyone's watching china, they're going to accelerate the economy over there. for the multinationals that's the next key, china pmi coming out late today. >> rick you look at the data from jobs and housing. what is the impact on some of the reports in particular the jobs number coming out friday? >> i think whether it's the adp number tomorrow which there's been a flurry of activity regarding discussions about how the new methodology, if you look at the 2012 numbers under the old methodology versus new oa methodology, 365,000 less with the new methodology. it just makes things a bit confusing, and for friday's number, obviously with what's going
Search Results 0 to 4 of about 5